June 3, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Golf Carts Business

A good business is about more than dollars and sense. To make your golf carts business what it is today, you've had to fully invest yourself in its success. Now it's time to put that same kind of focus into selling it.

Dire economic forecasts have forced many golf carts business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)

Many business owners don't know that golf carts businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

Advertising Your Sale

Successful golf carts business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. The knowledge that your business is being sold almost always converts into negative PR with your customers and vendors. Business brokers are skilled at publicizing golf carts business sales while maintaining the confidentiality that is critical to your business.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.

Tapping Into Business Networks

Today's golf carts business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. More focused prospects are typically found within industry networks. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.

More Info on Business Transitions and Related Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Golf Carts Business

How To Choose An Investment Banker


Conversation Board

Looking for more information about how to sell a golf carts business? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Golf Carts Business?

If you plan on opening a golf carts business, these guides will help you get started:

Opening a Golf Carts Business

Do You Market Products or Services to Golf Carts Businesses?

If you want information on how to sell to golf carts businesses, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Golf Carts Businesses

Mailing Lists for Golf Carts Businesses

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary